Posted on: 20-09-09 11:20:18
Given that the property rates in Mumbai are little attractive does it makes sense to invest there? Or taking advantage of lower interest rate+tax benefit on rental income and invest in either Condo or Townhouse in Toronto makes more sense?
A renouned builder in Mumbai is offering good rates for the flats that will be ready in 2012.
Please advise.
Indian Real estate is turning up preety fast, so if its investment then i would suggest Mumbai....
Quote:
Originally posted by kabutar12
Indian Real estate is turning up preety fast, so if its investment then i would suggest Mumbai....
If I am living in Toronto/Canada then it makes good sense to invest money locally, investing in mumbai or india exposes you to several risks - who will care for the property? legal issues relating to getting back possession if one were to rent it. Although on paper India is attractive in terms of ROI but there are more things to be considered.
You will be in better control of things if you invest in proximity of where you live. In today's scenerio its hard to get money out of remote investment in india unless you have good back bone or network to support you.
Good Luck
